Research Performance in the Sectors (Q2 2009)

0

New York – In the second quarter of 2009, research providers tracked by the Investars research performance measurement system yielded some interesting results. In this article we look at the performance of the research providers across the economic sectors.

 The table below is a snapshot of the best performing companies in the various sectors. Because there are roughly 100 research providers contributing to each sector, the fact that a firm is in the top three providers is impressive.

 

Research Provider

First

Second

Third

Oil & Gas

SunTrust Robinson Humphrey

Hilliard Lyons

Barclays Capital

Basic Materials

B Riley & Co

FBR Capital Markets

MDB Capital Group

Industrials

Janney Montgomery Scott

FBR Capital Markets

Susquehanna Financial

Consumer Goods

Merriman Curhan Ford

Global Crown Capital

Thomas Weisel

Healthcare

Maxim Group

Caris & Company

Wedbush Morgan

Consumer Services

DA Davidson & Co

Global Hunter Securities

Wasserman Morris & Co

Telecomm

Trading Central

Collins Stewart

Haugen Custom Financial Systems

Utilities

Market Profile Theorems

Brean Murray Carret

Capital One Services

Financials

FTN Equity Capital

B Riley & Co

Merriman Curhan Ford

Technology

Hilliard Lyons

FBR Capital Markets

Haugen Custom Financial Systems

 Even more impressive are those firms that were able to take top three spots in more than one sector.  Of these, FBR Capital Markets had 3 top-three finishes, while B Riley & Co, Haugen Custom Financial Systems, Hilliard Lyons and Merriman Curhan Ford all took 2 top-three positions.

 Another point of interest is the fact that of the 24 firms that occupied the top sector positions, 21 of these are investment banks and follow a fundamental style of analysis. The exceptions were two Quantitative analytical firms—Haugen Custom Financial Systems and Market Profile Theorems, and one was a technical firm–Trading Central.

 While we have not done a formal time series analysis of the top sector performers through time,  the firms listed in the above table are certainly among the usual suspects in the top sector analysis that we have done on a quarterly basis for the past several years.

 Note: The performance data used as the basis of this analysis is from Investars. The conclusions are those of Integrity Research.

Share.

About Author

Leave A Reply